New Zealand ANZ Dec Business Confidence Still Elevated Despite Slip

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Rebecca Howard WELLINGTON, New Zealand--New Zealand business confidence remains elevated despite a slip in December, according to ANZ Bank's business outlook survey. A net 30.4% of respondents in the monthly survey expected business conditions to improve over the next ...

European Stocks Climb Higher - 2nd Update

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Josie Cox European stocks continued to rally Friday, mirroring a sharp surge on Wall Street Thursday, spurred by the U.S. Federal Reserve's pledge to adopt a "patient" approach when raising interest rates in 2015. The Stoxx Europe 600--having already ...

European Stocks Climb Higher

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

European stocks continued to rally in early trading Friday, mirroring a sharp surge on Wall Street Thursday amid buying spurred by the U.S. Federal Reserve's pledge to adopt a "patient" approach when raising interest rates in 2015. The Stoxx Europe ...

Dutch Government Reaches Agreement on Health Care Plans

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Robin van Daalen AMSTERDAM--Following days of meetings the Dutch government late Thursday reached an agreement on changes to a health care overhaul which it hopes to get support for and implement. "The cabinet is confident that it has found ...

Belarus Slaps 30% Fee on Currency Exchanges

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

MINSK, Belarus (AP)--Belarus has imposed a 30% fee on any currency exchange transactions in an effort to contain any panic that has spilled over from neighboring Russia. The Belarusian National Bank announced Friday that it was imposing the fee for ...

German November Producer Prices Unchanged on Month

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Emese Bartha FRANKFURT--Germany's producer prices surprised on the upside in November as energy prices remained unchanged from October, data from the Federal Statistics Office showed on Friday. Producer prices in Europe's largest economy were stable on the month in ...

French Dec Business Sentiment Stable

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

PARIS--French business confidence in manufacturing was stable in December, French statistics agency Insee said Friday. The confidence reading in December was 99, unchanged from November, Insee said. Business leaders said their foreign order books were stronger while their outlook for ...

European Stocks Remain Volatile -- 4th Update

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Josie Cox European stocks remained volatile Friday, with investors weighing the prospect of more monetary stimulus in Europe against the threat of political upheaval in Greece as well as the Russian currency crisis. Having opened the day higher, mirroring ...

Bank of Mexico Unanimous in Holding Interest Rates

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

MEXICO CITY--The Bank of Mexico was unanimous in its decision to leave interest rates unchanged early this month, with members agreeing risks had increased for economic growth and inflation, and noting inflation risks if the peso extends its recent slide ...

Fed Creating Downside Risks for Inflation, Kocherlakota Says

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

NEW YORK--One of men who cast a dissenting vote at this week's Federal Reserve policy meeting said Friday the U.S. central bank is playing an increasingly risky game that could lead to further declines in already weak inflation. The official, ...

Detente Scrambles Political Calculus in Latin America

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

The detente between the U.S. and Cuba after nearly 54 years of mutual hostility has the potential to redraw political and economic alliances across the hemisphere that have endured since the Cold War, government officials, diplomats and scholars say. "We ...

European Stocks Climb Higher - Update

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Josie Cox European stocks continued to rally in early trading Friday, mirroring a sharp surge on Wall Street Thursday, spurred by the U.S. Federal Reserve's pledge to adopt a "patient" approach when raising interest rates in 2015. The Stoxx ...

Dollar Higher Against Yen on Diverging Monetary Policy

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Hiroyuki Kachi The dollar was higher against the yen in Asian trade Friday, tracking overnight strength driven by the Federal Reserve's latest signals on monetary tightening that again showed a stark contrast with the Bank of Japan's policy stance. ...

Thai Union Frozen Products to Buy Bumble Bee Seafoods

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

Thai Union Frozen Products PCL (TUF.TH), whose brands include Chicken of the Sea, has agreed to purchase Bumble Bee Seafoods from private-equity firm Lion Capital for $1.51 billion. Bumble Bee has annual sales of more than $1 billion and its ...

China Raises 2013 GDP Estimate by 3.4%

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

BEIJING-China raised its estimate of its 2013 economic output by 3.4% based on its latest survey of the economy, the National Bureau of Statistics said on Friday. The statistics bureau said China's gross domestic product in 2013 was 58.80 trillion ...

French Dec Business Sentiment 99 Vs 99 in Nov

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Stacy Meichtry PARIS--French business confidence in manufacturing was stable in December, French statistics agency Insee said Friday. The confidence reading in December was 99, unchanged from November, Insee said. Business leaders said their foreign order books were stronger while ...

Eurozone's Current Account Surplus Narrowed in October

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

FRANKFURT--The eurozone's current account surplus narrowed in October from an upwardly revised surplus in September, as the surplus on both goods and services shrank, data from the European Central Bank showed Friday. The current account balance, a broad measure of ...

Oil Rout Spreads Across Markets

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Christopher Whittall and Tommy Stubbington This month's big fall in the price of oil should be good news for much of the world's economy. But so far markets have been telling a different story. The MSCI Europe index has ...